NEW YORK (
TheStreet) -- I've never been a big fan of
(FB - Get Report), definitely not
There is no doubt that some investors have made money from owning the stock, and I am not discounting the possibility that shares may run even higher. We've seen countless examples of overvalued companies continuing to head higher -- well beyond their true value. It's yet another example of the inefficiencies that make the markets and investor psychology so fascinating. Investors will continue to buy names, such as Facebook, that are priced for perfection.
In the past few days, two things happened, neither of which relates to the company's financials, that have me again questioning Facebook's prospects. Granted, these are completely anecdotal in nature and their relevance is more from the gut, than from the mind. In fact, I was not even planning on writing about Facebook today, but can't help myself.The first thing was an article in our newspaper entitled " Facebook's Fall From Cool," written by a local high school student. In the article, the young author proclaims that Facebook has become an "obligation," as opposed to a "source of entertainment." Now, that may be nothing new. The article itself caused me to quiz my own teenagers, who told me in no uncertain terms, that kids have turned away from Facebook, and would rather use Twitter or Instagram.